Baker Hughes US oil rig count rises by 1 to 451

The weekly drilling gauge edged up from 450, signaling a marginal increase in U.S. oilfield activity.

Summary

Baker Hughes' U.S. oil rig count increased by 1 to 451 from 450 in the prior reading. The move was marginal, but it indicated that drillers continued to add activity rather than remain on the sidelines.

Terms & Concepts